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Firms go after distressed debt hires

Asian distressed debt specialists are in the grips of a recruitment frenzy.

Hedge funds, investment banks and advisory firms are avidly hiring anyone with decent distressed debt experience ahead of the next round of distressed debt investing, reports the International Financing Review.

It points to numerous recent moves in the sector and says dozens of institutions are looking to add distressed debt expertise as part of a mass recruiting drive.

Moves that have already taken place include the departure of a team from HVB Asia for Standard Bank, the exit of a managing director of JPMorgan's credit markets group for Fortis Investment Group, and the defection of several senior staff from Big Four accounting firms to banks and hedge fund managers.

AUTHORAnonymous Insider Comment
  • Ry
    Ryan Lesseig
    10 July 2007

    I will go to the beach, but i will soon graduate and need a job...any takers

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